Research on the Impact of Digital Inclusive Finance on Rural Revitalization

Abstract

As a region that started early in the development of the digital economy, Zhejiang’s digital inclusive finance has effectively promoted rural revitalization by alleviating rural financing difficulties, promoting industrial integration, and effectively promoting rural revitalization. This article uses panel data from Zhejiang Province from 2014 to 2022 to empirically explore the impact and mechanism of digital inclusive finance on rural revitalization in Zhejiang Province. The study uses the entropy weight method to build a comprehensive evaluation index for rural revitalization, and combines it with Peking University’s digital inclusive finance index to construct a fixed effects model for regression analysis. Multiple collinearity tests, heteroscedasticity tests, and other analyses are used to ensure the reliability of the model. Research has found that: (1) Digital inclusive finance has a significant promoting effect on rural revitalization; (2) The income gap between urban and rural areas shows a significant negative correlation, and as an important prerequisite for rural revitalization, it is necessary to narrow the urban-rural gap; (3) Although fiscal intervention has shown positive effects, it demonstrates policy synergy with digital finance and needs to enhance resource allocation efficiency. This article provides theoretical support and practical reference for Zhejiang Province to deepen the reform of digital inclusive finance and improve rural revitalization policies. It is suggested to achieve the coordinated promotion of digital finance penetration, precise fiscal investment, and regional differentiated policies, and create a model of digital empowerment for rural revitalization.